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Psychology of Forex Trading
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Member Since Aug 09, 2016 36 posts
naiza
Dec 22 2016 at 13:54
Monnex posted:
Forex Psychology: If you want to profit from your trading don't do 7 mistakes 1- Trade too much 2- Risk too much 3- Thinking too much 4- Reading too much news & analysis 5- Gambling 6- Trading without strategy 7- No money management It seems that the theory of 'too much' is not favorable. |
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Member Since Dec 17, 2015 41 posts
Mario (leopoldo)
Dec 25 2016 at 07:49
PriceAction13 posted:
I don’t switch on my trading terminal directly without 15 minutes meditation! Honestly, this process helps me for being a successful Forex trader! I make prepare my neurons before opening my chart by meditation! Interesting approach and technique with meditation. I am wondering if it needs to be that long or even few minutes are enough for meditating 
Need for speed! |
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Member Since Dec 17, 2015 41 posts
Mario (leopoldo)
Dec 25 2016 at 07:49
naiza posted:
It seems that the theory of 'too much' is not favorable. What do you mean by that? Need for speed! |
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Member Since Aug 20, 2016 29 posts
jamess2
Dec 25 2016 at 08:34
MMM, I doubt that meditation will serve much in the Affairs of business. I.e., is in the personality of the dealer. If it is a volatile person, who does not trace its earnings targets and does not work professionally, the meditation will not help you.
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Member Since May 04, 2012 1603 posts
FxMasterGuru (FxMasterGuru)
Dec 25 2016 at 13:19
With algorithmic robot trading there is no concern of trading psychology... Also, less stress, more sleep and even more free time.
Added bonus: Making profits during the Asian session while you are sleeping.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o) |
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Member Since Nov 15, 2015 56 posts
Monnex (Monnex)
Dec 25 2016 at 14:47
Forex Psychology: Always think risk before reward
The Worst Enemy Is The Time Taken To Find A Good Signal To Trade on |
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Member Since Nov 15, 2015 56 posts
Monnex (Monnex)
Dec 25 2016 at 14:48
Forex Psychology: Preserve your capital and don't run after ADS illusion that you will be millionaire with few dollars
The Worst Enemy Is The Time Taken To Find A Good Signal To Trade on |
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Member Since Nov 15, 2015 56 posts
Monnex (Monnex)
Dec 25 2016 at 14:48
FxMasterGuru posted:
With algorithmic robot trading there is no concern of trading psychology... Also, less stress, more sleep and even more free time. Added bonus: Making profits during the Asian session while you are sleeping. depends in your EA strategy :-) The Worst Enemy Is The Time Taken To Find A Good Signal To Trade on |
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Member Since May 04, 2012 1603 posts
FxMasterGuru (FxMasterGuru)
Dec 25 2016 at 17:27
(edited Dec 25 2016 at 17:28 )
Monnex posted:
FxMasterGuru posted: With algorithmic robot trading there is no concern of trading psychology... Also, less stress, more sleep and even more free time. Added bonus: Making profits during the Asian session while you are sleeping. depends in your EA strategy :-) Yes, correct... I meant it for successful manual strategies which are hard to implement - on larger investments - due to psychological factors. I was very good at demo trading, mediocre with smaller funds and disastreous with larger investments. Moving to fully automated trading has solved all my problems. I have never looked back. Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o) |
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Member Since Apr 17, 2015 64 posts
Raj (RPatell)
Dec 27 2016 at 10:11
FxMasterGuru posted:
With algorithmic robot trading there is no concern of trading psychology... Also, less stress, more sleep and even more free time. Added bonus: Making profits during the Asian session while you are sleeping. I guess this is the case when there is no flash crash of the markets during that session. Maybe you sleep better in general but isn't it a stress with the need to update the robots settings regularly, and when they go wrong? I'm not expert on auto trading so I was just wondering about these aspects as well. Knowledge is king! |
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